WASDE Report Highlights: Corn Stocks Steady, Wheat Rises

March 10, 2011 01:32 AM

Key numbers from this mornings WASDE Report:

  • Projections for corn, sorghum, and oats supplies, usage, and ending stocks are all unchanged. Barley exports are lowered 2 million bushels reflecting the slow pace of shipments and sales to date.
  • No changes are made on the supply side of the U.S. 2010/11 rice supply and use balance sheet.
  • U.S. soybean supply and use projections for 2010/11 are mostly unchanged from last month.
  • U.S. wheat ending stocks for 2010/11 are projected higher this month on reduced export prospects.
  • Projected exports are lowered 25 million bushels with increased world supplies of high quality wheat, particularly in Australia, and a slower-than-expected pace of U.S. shipments heading into the final quarter of the wheat marketing year.
  • Projected U.S. sugar supply for fiscal year 2010/11 is decreased 163,000 short tons, raw value, from last month.

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